BASF Acquires PET Foam Business from Italian Company

10:49 AM MST | March 8, 2012 | Sotirios Frantzanas

BASF says it has acquired the polyethylene terephthalate (PET) foam business of B.C. Foam (Volpiano, Italy). The acquisition covers production facilities and intellectual property, including a PET extrusion process that enables the production of high-performance PET foams with very high densities, BASF says. Financial terms of the transaction were not disclosed. The acquisition is expected to strengthen BASF's position as a foam provider. "These PET foams are primarily used in wind turbine rotor blades and will extend our product range for the growing global...